PSR is the latest of five actively-managed ETFs launched by PowerShares. PSR looks to invest at least 80% of its assets in companies operating in the US Real Estate industry and those which are included in the FTSE NAREIT Equity REITs Index. The portfolio managers, Invesco Institutional, identify attractive securities through quantitative and statistical analysis, in order to achieve high total return in terms of capital appreciation and current income. PSR is also allowed to take temporary defensive positions in cash.
PowerShares
PMA is an actively-managed ETF part of a group of PowerShares products all launched at the same time. PMA invests at least 80% of its assets in mega-cap securities with market capitalizations greater than the smallest company in the Russell Top 200 Index, which is the fund’s benchmark. However, the fund can invest in securities outside the benchmark as well. PMA invests in securities that are shown to have above-average growth prospects, through analysis of fundamental and behavioural factors.
PLK tries to achieve its objective of “total return” by investing at least 80% of its assets in US government, corporate and agency debt instruments. PLK seeks to provide alpha over the Barclay’s Capital 1–3 Year U.S. Treasury Index. Their strategy involves managing portfolio construction and security selection according to market conditions, macro-economic and sector level factors as well as issue specific factors.
PQZ is an actively managed ETF that invests at least 95% of its assets in 50 US-listed securities based on a methodology which involves rating companies with market caps greater than $400 million and ranking them using AER’s proprietary “NOW” ranking system based on earnings growth, valuations and money flow. The portfolio managers than narrow their universe down to the 2000 largest capitalization securities and then go on to hold 50 of those stocks.
PQY is an actively managed ETF that invests at least 95% of its assets in 50 Nasdaq-listed securities based on a methodology which involves rating companies with market caps greater than $500 million and ranking them using AER’s proprietary “NOW” ranking system based on earnings growth, valuations and money flow. The portfolio managers than narrow their universe down to the 100 largest Nasdaq-listed Global Market Securities and then go on to hold 50 of those stocks. The goal of the fund is to achieve long-term capital appreciation and outperform the Nasdaq 100 Index.
